SOURCE:
http://www.deccanherald.com/content/546787/guj-saw-95-pc-crop.html
.3
MODI : A MICRO FINANCE MAVERICK
BY
Dhurandar B
Modi is a micro finance maverick. He takes away money in small change from
many people. Adds a 0.5% cess here, a 2 rupee petrol price there, 12
rupees from 20,00,00,000 people and 336 fro 5,00,00,000 people.
And he transfers this small change to his favourite companies. Petrol
and Gas increases to Ambanis and Adanis, Insurance to a plethora of
insurance companies including LIC, which in turn goes out and bets that
money in stock exchanges, gives inter corporate loans and what not.
He has learnt this skill from the Baba's that dot the Indian landscape,
like Asaram Bapu, Baba Ramdev, Sri Sri Sri Ravishankar and many others.
These baba log have perfected this art over years. They have magic
boxes that convert black money to white. If you need to convert your
money all you have to do is give them the cash and their trust will give
you a loan at an attractive rate of interest. You may never repay the
loan or the interest or you may, it is up to you. The baba log have
already taken out their commission when they used their magic donation
box to convert your black money to white.
Modi being a Hindu and a Nationalist learned this trick a long time back. He knows that if he tries to take a lot of money from you, you will probably throw him out.
So he has devised these small micro finance schemes which transfer a lot
of small money from a lot of people into the hands of a few.
Like the management people say, it is a win-win situation. Except that people are getting shafted all the time.
If you recollect, RBI recently issued instructions that Banks can't
make an account balance negative by applying minimum balance charges
once the balance has gone to zero.
Well, this helps the banks keep the already 'Zero' Balance Pradhan Mantri Jan Dhan Yoga accounts alive.
I am sorry about boring you with these mundane details. I have a bad
habit of reading between the lines and looking for meaning in news when
apparently none exist.
http://www.deccanherald.com/content/546787/guj-saw-95-pc-crop.html
.3
MODI : A MICRO FINANCE MAVERICK
BY
Dhurandar B
Modi is a micro finance maverick. He takes away money in small change from
many people. Adds a 0.5% cess here, a 2 rupee petrol price there, 12
rupees from 20,00,00,000 people and 336 fro 5,00,00,000 people.
And he transfers this small change to his favourite companies. Petrol
and Gas increases to Ambanis and Adanis, Insurance to a plethora of
insurance companies including LIC, which in turn goes out and bets that
money in stock exchanges, gives inter corporate loans and what not.
He has learnt this skill from the Baba's that dot the Indian landscape,
like Asaram Bapu, Baba Ramdev, Sri Sri Sri Ravishankar and many others.
These baba log have perfected this art over years. They have magic
boxes that convert black money to white. If you need to convert your
money all you have to do is give them the cash and their trust will give
you a loan at an attractive rate of interest. You may never repay the
loan or the interest or you may, it is up to you. The baba log have
already taken out their commission when they used their magic donation
box to convert your black money to white.
Modi being a Hindu and a Nationalist learned this trick a long time back. He knows that if he tries to take a lot of money from you, you will probably throw him out.
So he has devised these small micro finance schemes which transfer a lot
of small money from a lot of people into the hands of a few.
Like the management people say, it is a win-win situation. Except that people are getting shafted all the time.
If you recollect, RBI recently issued instructions that Banks can't
make an account balance negative by applying minimum balance charges
once the balance has gone to zero.
Well, this helps the banks keep the already 'Zero' Balance Pradhan Mantri Jan Dhan Yoga accounts alive.
I am sorry about boring you with these mundane details. I have a bad
habit of reading between the lines and looking for meaning in news when
apparently none exist.
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